iPhone | iPad
Android
Huawei
The Artisan is an ideal choice for a business lunch
KT APPDOWNLOAD
Emirates NBD to Consider Bonds in First Quarter: CEO
DUBAI — Emirates NBD, the Gulf region’s largest bank by assets, is not looking to issue any bonds this year, but would consider the option in the first quarter of 2010, its chief executive said on Saturday.
The bank “is not planning anything this year ... we will look again in the first quarter”, Rick Pudner said when asked about any plans to tap the market through a bond issue.
“There is certainly interest (from investors) but we think it may be better to do it next year.” Pudner also told Reuters in an interview the lender was expecting its loan growth to be at 10 per cent in 2010.
Pudner said Emirates NBD would seek to expand its asset management unit and consider a joint venture as a strategic option for that goal.
“We would like to increase the size of it. We’re currently investigating how to do this. We’re open to a lot of options.”
Asked about the bank’s Tier 2 capital plans, Pudner said: “Our intention is to keep it for the time being ... if things really get more positive in the next 18 months, we’ll look into the restructuring of some of that Tier 2 capital.”
Earlier this year, shareholders approved the conversion of $1.72 billion of federal government deposits into Tier 2 capital as part of a larger programme sponsored by the Ministry of Finance in 2008 to boost liquidity in the banking system.
Emirates NBD was open for acquisitions in the Middle East or Turkey, Pudner reiterated without being more specific. “We are looking at opportunities, we haven’t spotted anything concrete yet.” —
More news from
Before 1971, the average life expectancy was 53 years — now it's 80; this is why managing seniors' well-being is becoming an important topic, doctor says
Gomez emphasises the role of gastronomy in diplomacy, stating that the relationships between nations are often strengthened around the dining table
The closure resulted from serious food safety violations and the facility's failure to implement effective corrective measures
Many social media users swear by this viral content, but the question remains: does it actually work, or does it pose a medical concern?
October is Menopause Awareness Month
London Gate and Franck Muller elevate their strategic partnership with Dh1.6 billion Vanguard in Dubai Marina
No metric or ranking should supersede a qualitative, holistic understanding of ‘fit’